Sustaining Hope ANNUAL REPORT 2020
OUR MISSION A vital part of the Presbyterian Church (U.S.A.), the Presbyterian Foundation cultivates, attracts and manages financial resources
The Presbyterian Foundation continually strives to heed God’s call by: Expanding Our Partnerships with Presbyterian Congregations Supporting Presbyterian Generosity With Technology Connecting People with Mission and Ministry Stewarding Funds for Presbyterian Mission Creating Legacies for Generations to Come
$92.9 M Funds Distributed for Mission in 2020
On the cover: Rev. Anne H.K. Apple, Idlewild Presbyterian Church, Memphis, Tennessee; Photo by Craig Thompson.
of individuals and institutions to further Christ’s mission.
FROM THE PRESIDENT Dear friends in Christ,
Rev. Tom Taylor; J.D, Ph.D. President and CEO
2020 challenged each and every one of us.
Your willingness to serve your communities, and your care and
We wore masks, worshipped in parking lots
concern for all of those suffering from the pandemic around the
and over Zoom, and we cried as we missed
world are moments and markers of hope. And as we’ve worked
visiting with our dear family and friends.
with congregations and individuals, your beautiful generosity
But we never lost hope – and that’s because of you.
has lifted us up.
At the Presbyterian Foundation, we’ve found hope in the ways you have shown up to be the church together, and we’ve been so grateful that we could be here working with so many
As we reflect on 2020, we wonder, like you: what’s ahead? The only thing we know for certain is that Jesus Christ is the same yesterday, today, and always. We rely on our faith in Christ to lead us forward as we plan for the future of Christ’s church.
congregations as they created a path forward for ministry in a
How can we help? How can we serve you? How can we dream
year like none other.
with you as you think about the ways in which your church is
In 2020, we helped 838 churches create online giving accounts. Our online giving program partners increased by 97% in 2020, with hundreds of churches and ministries signing up to use the tools we provide. Presbyterians saw the struggles and responded, working extra hard to meet real needs in your church and community. You gave generously, sustaining ministries, churches, seminaries,
being called? Our Ministry Relations Officers are available and willing to help you and your church as you discern what’s next for your congregation or ministry. We hope that you’ll be in touch with us soon as you plan and dream, both for the gifts you’d like to make and to plan for the post-COVID church, and far beyond. Thanks for your faithfulness.
schools and so much more. The Foundation processed 205,568 gifts in 2020. That’s about 3.5 times as many as we processed in 2019!
Rev. Tom Taylor, J.D., Ph.D., President and CEO
presbyterianfoundation.org
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OUR SERVICE AT WORK Climate Change Solutions The Foundation has fulfilled its commitment to invest at least 1 percent of its permanent endowment fund holdings (approximately $8.5 million) in companies working on climate change solutions, such as renewable energy. The Foundation is deeply committed to caring for God’s creation. We continue to seek solutions with our partners, through dialogue with companies (45+) and filing shareholder resolutions (3 companies); providing lowinterest loans to congregations for renewable energy and carbon reduction solutions; offering a custom fossil-free investment strategy; and directing our investment managers to consider environmental, social, and governance (ESG) factors in their security selection process.
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2020 ANNUAL REPORT
WHAT THE FOUNDATION DOES
CONNECTING PEOPLE WITH MISSION AND MINISTRY
We help congregations achieve their philanthropic goals through a wide variety of giving and investment
Rev. Seth Thomas of St. James Presbyterian Church in Bellingham, Washington; Photo by Gregg Brekke.
options, including: Bequests
Endowment Funds
Donor-Advised Funds
Life Income Gift Plans
Investment Management
Gifts of Nontraditional
Services
Assets
$92.9M
Distributed to Mission
$1.09M
$2.3B
Assets Serviced
27,102
Gifts Received to Donor-Advised Funds
Total Number of Donors
205,568
3,713
Total Gifts Received
Total Beneficiaries
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$1.3B
Total Assets Stewarded by the Foundation
WHAT THE FOUNDATION DOES
RESPONSIBLY STEWARDING PRESBYTERIAN MISSION
$399M Total NCTC Assets Under Management
$100M
New Gifts/Investments (Includes $55 Million New NCTC Assets Under Management)
As Presbyterians, we’re committed to responsible stewardship. We support mission and ministry through conscientious financial management and investments that are consistent with our faith. In keeping with God’s call for faithful stewardship, the Presbyterian Foundation and our subsidiary, New Covenant Trust Company, manages funds
and society through three pillars of socially responsible investing — screening,
$8.5M
Invested Toward Climate Change Solutions
$916M
Total Assets in New Covenant Funds (Includes $288 Million Foundation and NCTC Assets) Numbers reported as of Dec 31, 2020
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2020 ANNUAL REPORT
shareholder advocacy, and transformational investing.
Betania Presbyterian Church in Phoenix, Arizona. Photo by Gregg Brekke.
while positively impacting our environment
UPPER MIDWEST
CENTRAL
KYLE NOLAN 833-983-1079 kyle.nolan@ presbyterianfoundation.org
CRAIG HOWARD 866-710-5094 craig.howard@ presbyterianfoundation.org
GREAT LAKES STEPHEN KEIZER 866-317-0751 stephen.keizer@ presbyterianfoundation.org
NORTHWEST REGION ROB HAGAN 888-211-7030 rob.hagan@ presbyterianfoundation.org
NORTHEAST REGION
SOUTHWEST REGION
ELLIE JOHNS-KELLEY 855-251-8212 ellie.johns-kelley@ presbyterianfoundation.org
MAGGIE HARMON 866-860-3383 maggie.harmon@ presbyterianfoundation.org
EAST REGION OLANDA CARR 888-711-1318 olanda.carr@ presbyterianfoundation.org
All Foundation emails: first.last@presbyterianfoundation.org SOUTH CENTRAL REGION JOSEPH MOORE 855-342-4130 joseph.moore@ presbyterianfoundation.org
SOUTHEAST REGION ROBERT HAY 855-514-3152 robert.hay@ presbyterianfoundation.org
presbyterianfoundation.org
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TRUSTEES NEAL PRESA Chair Carlsbad, CA
CLAIRE RHODES
VICTOR ALOYO, JR.
SAM MUSE
PAUL ROBERTS SR.
WONJAE CHOI
JOHN NELSEN El Paso, TX
SUSAN MENELAIDES ROSE
J. HERBERT NELSON II, EX OFFICIO
RUTH FAITH SANTANA-GRACE
Salt Lake City, UT
Kendall Park, NJ
Warrington, PA
JASON KO Cypress, CA
Louisville, KY
Carmel, IN
Louisville, KY
Hot Springs, AR
Atlanta, GA
Scottsdale, AZ
Philadelphia, PA
COREY SCHLOSSER-HALL
WARREN LESANE, JR., PMA LIAISON
ERIC OSBORNE
KATHY LUECKERT, EX OFFICIO
GEORGE PHILIPS
KATHY TROTT
Chesterfield, MO
Woodland, CA
GREG McCOY
TERRY ALLISON RAPPUHN
DAVID ZIMMERMAN
Richmond, VA
Louisville, KY
Fort Worth, TX
2020 ANNUAL REPORT
Vice Chair Charlotte, NC
DIANE GIVENS MOFFETT, EX OFFICIO
STEVE AESCHBACHER
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BRIDGET-ANNE HAMPDEN
Nashville, TN
Nashville, TN
Bothell, WA
Orinda, CA
FROM THE BOARD CHAIR “But speaking the truth in love, we must grow up in
where daily/weekly worship is happening, where the hungry are being
every way into him who is the head, into Christ, from
fed, where the oppressed are being set free, where theological education
whom the whole body, joined and knit together by
is forming a present-future generation of leaders, where water wells
every ligament with which it is equipped, as each
are being created, where microfinancing is happening to empower
part is working properly promotes the body’s
entrepreneurial impactful ministry, and the list goes on.
growth in building itself up in love.” — Ephesians 4:15-16 (NRSV)
Dear Friends,
The Rev. Dr. Neal Presa, Chair Board of Trustees
Grace and peace to you in the love of God, the grace of Jesus Christ, and the fellowship of the Holy Spirit!
And in 2020 into the beginning of 2021, as we gave careful attention to a new strategic plan, we put committed emphasis on a strategic priority of diversity, equity, and inclusion in our board, staff, Foundation culture, and in the work of the Foundation itself. I love the word from Ephesians 4:15-16. It is a powerful reminder that
Together with our President/CEO Tom Taylor, the entire Foundation staff,
each of us are knit together. That all of us are called to be part of the
and my colleagues on the Board of Trustees, it is an incredible blessing,
work of God, serving together to see that the whole body, the whole
pleasure, and privilege to serve God, Christ’s church, and be a part of the
community flourishes to the glory of God. There’s a powerful word and
Gospel’s witness through the ministry of the Presbyterian Foundation.
here’s where I’ll go Greek on you. That word “speaking” is not in the Greek New Testament of that passage. The ancient Greek term is a gerund
Since 1799, generations of Presbyterians – individuals, congregations,
(a verbal noun), so it should be “truthing,” more accurately translated,
mid-councils, agencies, seminaries, colleges – together with numerous
“But truthing the truth in love.” This means that we have the gift and
ecumenical mission partners have answered God’s call to steward the
calling to have the truth of God, the truth of the Gospel, Jesus who is
resources that we have been entrusted for tangible support of ministries
the Truth itself, in all that we do, in all that we say.
in the United States and around the world, in perpetuity. It is a sacred gift and a holy call. We do our decision-making, our strategic planning, our
In short, everything we do – even when we aren’t speaking – bears
program prioritization, our consultations, and our communications with
witness to the powerful truth of who God is and who we are called to be.
prayerful commitment and worshipful orientation.
By God’s grace, we in the Presbyterian Foundation Board and staff
Those of us serving on the Foundation Board have specific duties, and
continue to do what prior generations of Presbyterians have done:
those include governance and fiduciary work, such as careful analysis
truthing the truth of God to do justice, to love mercy, and to walk
of financial reports, investment decisions, balance sheets, asset
humbly with our God.
gathering, internal audits, legal risk compliance and mitigation, attention to emerging trends, among so many others. What underlies these duties
Joy and Peace in Christ,
and what frames them is that we are continually called to support real, tangible ministries such as yours: ministries in communities and contexts
The Rev. Dr. Neal D. Presa, Chair Board of Trustees 2020 ANNUAL REPORT
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FEATURED PARTNERS Connection is a core value of the Presbyterian Church (U.S.A.). Both individual Presbyterians and congregations gather together in mission to accomplish far more than they could separately. As a trusted partner in funding mission, the Presbyterian Foundation plays a unique role in helping these ministries accomplish the mission to which God has called them.
Presbyterian Agencies & Related Bodies
Mission & Ministry Partners & Programs Assistance Programs of the Board of Pensions
Presbyterian Church (U.S.A.), A Corporation
Bright Stars of Bethlehem
Presbyterian Church (U.S.A.)
Evangelical Theological Seminary in Cairo, Egypt
Presbyterian Mission Agency
Freedom Rising
Office of the General Assembly
Friends of Forman Christian College in Pakistan
Presbyterian Historical Society
Gambell Presbyterian Church
Board of Pensions
God’s Hidden Treasures
Presbyterian Investment and Loan Program
International Museum of the Reformation
Presbyterian Publishing Corporation
Jinishian Memorial Program
Presbyterian Women
Living Waters for the World
Foundation-Related Ministries National Ghost Ranch Foundation Jarvie Commonweal Fund Theological Education Fund
National Association of Korean Presbyterian Churches Near East School of Theology Wycliffe Bible Translators
Training & Program Partners Horizons Stewardship Stewardship Kaleidoscope
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2020 ANNUAL REPORT
“Consider it pure joy, my brothers and sisters, whenever you face trials of many kinds, because you know that the testing of your faith produces perseverance. Let perseverance finish its work so that you may be mature and complete, not lacking anything.” — James 1:2-4 (NIV)
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Cover photo by Craig Thompson